You will find even more motorists driving about in their new year-10 plate vehicles thanks for the Governments car or truck scrappage scheme, which saw car or truck sales rise in 2010.
Then again, a whole new book, 'The Bangernomics Bible' tries to persuade automobile owners to run an older automobile, even if they can afford a whole new one, or keep the car or truck they have for as long as feasible and run it cheaply.
Author James Ruppert, a motoring journalist and former car or truck louisville auto repair great salesperson said, "There has been a growing trend for car or truck buyers to convince themselves that it can be a matter of urgency to replace their vehicles just about every 3 years or occasionally much less, with another new vehicle."
They estimate that's costs less than $600 a year to run in tax, servicing and auto insurance and have no plans to trade it in, despite the scrappage deals that have been on offer.
They stated, "The way I look at it, it runs perfectly, does what it requirements to and is worth extremely little to anyone else. That whole idea of 'why fix it if it is actually not broken', kind of fits the situation."
The author also points out that after a car or truck has been on the road for five many years or a whole lot more, the vehicle has already lost most of its value and is close to the bottom of its depreciation 'curve'. On the other hand, the last new auto I bought, in 2007, was a Range Rover Sport and it absolutely nose-dived.

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